Which One of the Following Items Is Not Generally Used

question 79

Multiple Choice

Which one of the following items is not generally used in preparing a statement of cash flows?

• A) Adjusted trial balance
• B) Comparative statements of financial position
• C) Current income statement
• D) Additional information

---

Definitions:

Natural Monopoly

A type of monopoly that arises due to high fixed or start-up costs associated with a business which makes it impractical for more than one firm to produce the same product or service efficiently.

Fixed Costs

Costs that do not vary with the level of production or business activity, such as rent, salaries, and insurance, remaining constant regardless of output.

Competitors

Competitors are businesses or individuals that vie for the same customers or market share in the same industry.

Market Structures

The organizational and competitive characteristics of markets, defining the nature of competition and pricing within a market, including monopolies, oligopolies, and perfect competition.